Marathon Digital Holdings Inc (MARA)
Profitability ratios
Return on sales
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | -65.98% | -44.46% | -35.06% | -45.99% | -86.07% | -75.66% | -8.31% | -20.02% | 35.45% | 34.33% | -16.63% | 71.65% | 36.05% | -61.45% | -112.94% | -110.62% | -87.92% | -90.48% | -117.26% | -171.54% |
| Operating profit margin | 107.68% | 75.48% | 13.67% | 35.40% | -60.32% | -133.03% | -99.67% | -86.10% | -62.36% | -97.04% | -199.00% | -391.58% | -432.08% | -226.38% | -309.64% | -337.31% | -261.24% | -325.40% | -602.69% | -656.58% |
| Pretax margin | 131.58% | 71.64% | -145.40% | -256.98% | -351.60% | -363.47% | -118.46% | -89.47% | -63.96% | -9.75% | -57.03% | -78.08% | 572.96% | -240.88% | -299.39% | -320.31% | -212.14% | -269.92% | -580.23% | -625.62% |
| Net profit margin | 120.74% | 99.90% | -88.37% | -180.84% | -279.87% | -351.77% | -127.98% | -101.10% | -72.92% | -24.91% | -57.03% | -78.08% | 572.95% | -240.88% | -299.39% | -320.31% | -212.14% | -269.92% | -586.21% | -631.56% |
Marathon Digital Holdings Inc has experienced significant fluctuations in profitability ratios over the past few quarters. The gross profit margin ranged from negative to positive levels but generally remained low, indicating challenges in controlling the cost of goods sold relative to revenue.
The operating profit margin also varied widely, with some quarters showing profitability and others indicating significant losses. This suggests fluctuations in operating expenses and the company's ability to generate earnings from its core business activities.
The pretax margin swung from positive to negative extremes, reflecting the impact of non-operating items such as interest expenses, taxes, and other one-time charges on the company's bottom line.
Similarly, the net profit margin showed drastic swings from positive to extremely negative figures, indicating the impact of various factors on the company's overall profitability, including operational inefficiencies, non-recurring expenses, and other financial adjustments.
Overall, Marathon Digital Holdings Inc's profitability ratios demonstrate a volatile financial performance, highlighting challenges in maintaining consistent profitability levels over the analyzed periods. Investors and stakeholders may need to closely monitor the company's cost management strategies, revenue growth initiatives, and overall financial health to assess its long-term viability and sustainability.
Return on investment
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 18.27% | 14.69% | 2.56% | 5.21% | -9.24% | -21.99% | -15.39% | -13.61% | -7.63% | -10.00% | -27.80% | -28.14% | -8.12% | -3.13% | -17.54% | -50.36% | -76.69% | -64.05% | -90.48% | -184.31% |
| Return on assets (ROA) | 20.48% | 19.44% | -16.55% | -26.62% | -42.88% | -58.14% | -19.76% | -15.98% | -8.92% | -2.57% | -7.97% | -5.61% | 10.77% | -3.34% | -16.96% | -47.82% | -62.28% | -53.13% | -88.01% | -177.29% |
| Return on total capital | 23.83% | 14.83% | -26.98% | -37.97% | -53.67% | -60.19% | -18.35% | -14.78% | -7.72% | -0.92% | -7.97% | -5.59% | 10.91% | -3.15% | -18.11% | -55.52% | -104.27% | -91.24% | -199.17% | -443.18% |
| Return on equity (ROE) | 24.45% | 23.96% | -22.45% | -61.50% | -102.43% | -180.06% | -46.65% | -36.59% | -17.72% | -5.44% | -8.02% | -5.64% | 10.82% | -3.35% | -17.54% | -53.06% | -111.36% | -96.41% | -193.72% | -426.29% |
Marathon Digital Holdings Inc's profitability ratios have shown significant fluctuations over the past few quarters.
The Operating Return on Assets (Operating ROA) has been positive in recent quarters, indicating that the company is generating profits from its operating activities relative to its assets. This ratio improved from negative values in 2022 to exceed 5% in the first quarter of 2023, reaching a peak of 18.27% in March 2024.
Return on Assets (ROA) has also shown improvement, moving from negative values to positive territory. This metric measures the company's ability to generate profits from its total assets. The ROA saw a notable increase from the fourth quarter of 2021 to reach 20.48% as of March 31, 2024.
Return on Total Capital and Return on Equity (ROE) have also displayed variability. These ratios reflect the company's profitability in relation to its total capital and shareholder equity, respectively. While there have been periods of negative returns, the figures have shown an upward trend in recent quarters, with the ROE climbing to 24.45% in March 2024.
Overall, Marathon Digital Holdings Inc has been able to improve its profitability ratios, indicating a positive trend in generating returns and managing assets and capital effectively.